Welcome to GlassRatner

GlassRatner, a B. Riley Financial company, is a national specialty financial advisory services firm providing solutions to complex business problems and Board level agenda items. The firm applies a unique mix of skill sets and experience to address matters of the utmost importance to an enterprise such as managing through a business crisis or bankruptcy, pursuing a fraud investigation or corporate litigation, planning & executing a major acquisition or divestiture, unraveling a challenging real estate issue and other top level non-typical business challenges. GlassRatner can also offer clients end-to-end services at any stage during the business life cycle through B. Riley Financial. The combination of proven operating and financial expertise, cross-platform resources, a hands on approach and an absolute focus on assignment execution makes GlassRatner a unique and valuable ally for its clients and partners. For a confidential consultation, please contact one of our Principals.

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EST 2001

Fall2001

GlassRatner Founded

Ron Glass and Ian Ratner founded GlassRatner Advisory & Capital Group LLC in response to a shared vision of building a more responsive, cost efficient and hands-on financial advisory services practice.

Fall2001

Early Focus on Retail Cases

GlassRatner is retained as Financial Advisor to the Official Committee of Unsecured Creditors in Nationwide Furniture and Mattress Wholesalers and in Value Music, both multi-location retail cases involving in excess of 150 locations each. Since these early matters, GlassRatner has been called on in countless retail cases.

January2002

Creative Work to Resolve Complex Dispute

Beginning in 2002 through 2006, GlassRatner assisted a supply chain arm of a Fortune 50 shipping and logistics firm resolve several disputes with their clients. The disputes revolved around lost inventory and shrinkage of tens of millions of dollars. Through our detailed forensic accounting and creative problem solving skills, we were able to prove that the losses were paper losses stemming from new systems and not actual losses. Our work resulted in major systems enhancements for our client and limited damages.

March2003

Ian Ratner Named Special Master

In 2003, Ian Ratner was named a Special Master by the Florida Department of Agriculture and Consumer Services to ensure that a settlement with a major US charity was appropriately administered. This charity was cited at the time as one of the ten worst charities in the US in terms of excessive costs. GlassRatner has since been named as Special Master numerous times by many courts for a variety of matters.

March2003

GlassRatner Appointed Managers of BCP Liquidating LLC

Ron Glass and Ian Ratner were appointed as the Managers of BCP Liquidating LLC, an entity established to complete the liquidation of the assets of Borden Chemicals and Plastics OLP (“Borden”). Borden, an $800 million revenue manufacturer of PVC Polymers Products, had filed Chapter 11 in 2001. The GlassRatner team oversaw significant asset sales, complex commercial litigation, and hundreds of preference claims. Ultimately, the recovery to the estate exceeded all prior estimates. This Delaware case pushed the firm into the national spotlight as a skilled fiduciary.

December2003

Oakbrook Pointe Apartments - The First of Many

Oakbrook Pointe Apartments was GlassRatner’s first appointment as Receiver in a single asset real estate matter. Oakbrook Point was one of the largest apartment communities in the State of Georgia at the time. Since 2003, GlassRatner has been appointed receiver in hundreds of matters around the country.

September2004

AstroTurf - Chapter 22

Appointed Chapter 11 Trustee and financial advisor to the Trustee in the bankruptcies of American Sports Product Group and related debtors which included Southwest Recreational Industries, Inc. (SRI), the manufacturer of AstroTurf. In 2016, GlassRatner acted as financial advisor to the Unsecured Creditors Committee in the Chapter 11 Bankruptcy of the successor company, AstroTurf, LLC, which had previously purchased the AstroTurf assets from SRI.

October2006

GlassRatner Expands to South Florida

GlassRatner expands and opens multiple offices in South Florida. Today, this market continues to be one of our most vibrant and active regions where we continue to invest and grow.

2007

Ron Glass appointed as CRO of the PUIG Development Group

Ron Glass appointed as CRO of the PUIG Development Group, ultimately bringing the company into Chapter 11, where he continued to manage the business. PUIG was a highly levered South Florida real estate company primarily involved in condo conversion with in excess of $300 million of debt and 27 active projects. As CRO, we successful managed the wind down and liquidation of the company. The PUIG matter in some ways signaled the start of the Florida real estate meltdown and was covered in Time Magazine.

2007

GlassRatner Becomes a Contractor to the FDIC Capital Markets Group

GlassRatner became a contractor to the FDIC Capital Markets Group and was retained to provide services relating to several early bank liquidations. The largest of these FDIC assignments related to the failed Arkansas National Bank (ANB), where GlassRatner was retained as Loan Sale Advisor for the $1.2 billion Construction and Acquisition/Development loan portfolio. This assignment culminated in a structured sale transaction to a third party. The majority of the assets included in the portfolio were partially completed developments in Utah, Nevada, Arizona and California.

December2007

GlassRatner Expands to Southern California

GlassRatner expands and opens offices in Southern California. The twin offices of Irvine and Century City help foster a national brand.

2008

GlassRatner Expands to New York City

GlassRatner expands and opens an office in New York City. This expansion gives GlassRatner a foothold in the largest restructuring market of the country.

2009

GlassRatner Retained as Forensic Accountant and Financial Advisor to the Central Bank of Trinidad and Tobago

The Central Bank of Trinidad and Tobago engaged GlassRatner to investigate the financial affairs and operations of CL Financial (CLF), the nation’s largest privately owned conglomerate with assets exceeding US$15 billion and with operations in 32 countries. Our role included gathering information for pursuing criminal and civil actions, and informally advising concerning the restructuring of the company. Our findings led to several other engagements, including investigating and advising on several failed Florida real estate investments in hotels and condominiums. Learn more

September2009

Fairfield Residential Bankruptcy

Financial Advisor to the Ad Hoc Steering Committee of Lenders and subsequently to the Official Committee of Unsecured Creditors for Fairfield Residential LLC and approximately a dozen of its related entities. Fairfield is a California-based developer, owner and operator of multi-family properties throughout the country. At the time of the bankruptcy, there was approximately $4 billion of invested capital committed to various Fairfield projects. GlassRatner played a key role in the company’s restructuring and ultimate sale of the operating company to Brookfield.

October2009

Cornerstone Ministries

Cornerstone Ministries, Inc. was a multi-state real estate lender, who filed bankruptcy in 2008. During the course of the chapter 11, the debtor became administratively insolvent. Our firm was approved as Plan Administrator in October 2009. Our activities included the valuation and sale of real property, the review of preferential payments, and the pursuit of claims under the Director’s and Officer’s Policy, claims for auditor negligence and a claim against a law firm. Based on our success, there was a meaningful recovery to pre-petition general unsecured creditors.

September2010

AmTrust Financial

Ron Glass and GlassRatner retained as Chief Restructuring Officer and Financial Advisor to AmTrust Financial Corporation and related entities in their Chapter 11 filings. The centerpiece of Ohio-based AmTrust Financial was its banking company, which had $13 billion in assets and was ultimately sold to New York Community Bank. As FA and CRO, GlassRatner was instrumental in various 363 sale transactions; managing various complex litigation matters; disposing of assets; and managing various real estate investments made by AmTrust.

Fall2011

Multi-State Portfolio Run by GlassRatner

GlassRatner Management & Realty Advisors LLC was appointed Receiver and Property Manager for a single portfolio containing 42 multi-family properties in excess of 4,000 units across 6 states. We aggressively created and executed an action plan to secure the assets, complete deferred maintenance, remediate life safety issues and turn a high count of vacant/down units resulting in a significantly higher physical and economic occupancy. The assignment ultimately concluded through a successful repositioning and separate sale of each asset by the Secured Lender at competitive market rates.

2013

GlassRatner Approved as Broker Dealer

GlassRatner is approved as a Broker Dealer and forms GlassRatner Securities LLC.

August2013

Deepwater Horizon

GlassRatner was retained by the US DOJ in its Clean Water Act lawsuits against BP and Anadarko related to the Deepwater Horizon oil spill. GlassRatner provided litigation support services and performed financial analyses regarding the economic impact of a penalty on the defendants’ and their ability to pay a multi-billion-dollar penalty. GlassRatner issued multiple reports and Mr. Ratner testified for over 6 hours during the multi-week trial. After the trial, BP entered into $20+ billion settlement with various governmental agencies. Read More on BP Oil Spill

June2015

Expansion to Phoenix

GlassRatner expands and opens an office in Phoenix, AZ. This expansion provided a stronger presence in the Southwest.

July2016

Expansion to Dallas

GlassRatner expands and opens an office in Dallas, TX. This expansion allowed GlassRatner to plant a flag in the middle of the country.

June 5, 2017

Recognized as Best Forensic Accounting Firm & Best Litigation Valuation Provider by the Daily Report

GlassRatner is proud to have been recognized for their achievements by the Daily Report, a Georgia-based publication serving the legal field. GlassRatner was awarded in the following categories for their "Best Of" 2017 edition:
- Best Forensic Accounting Firm (1st)
- Best Litigation Valuation Provider (1st)
- Ian Ratner as Best Individual Expert Witness - Economic Click Here for the Full List

June 2017

GlassRatner Retained as CRO for Arhaus

As CRO for Arhaus, a high end furniture retailer, GlassRatner provided the Company with the time necessary to complete a successful out-of-court refinancing of its debt structure. Faced with a looming liquidity crisis, GlassRatner immediately employed turnaround and crisis management tools and tactics which stabilized operations, increased sales volumes and reduced costs. The GlassRatner Team worked closely with the existing lender group and their professionals to negotiate a forbearance agreement, which provided the additional breathing room needed to achieve the refinancing.

September 27, 2017

GlassRatner Celebrates Sixteen Years in Business

GlassRatner celebrated its Sweet Sixteen on September 27, 2017. GlassRatner hosted a cocktail party in Atlanta with friends and family of the firm to celebrate its continued success. Ron Glass and Ian Ratner started the firm sixteen years ago with one office and three professionals (including themselves) . As of September 2017, GlassRatner has 12 US offices with over 100 amazing team members, an international affiliation with the BTG Global Advisory, and a significant track record as a leading advisor in its industry. The firm is excited to see where the next sixteen years will take them.

February 1, 2018

The National Law Journal Recognizes GlassRatner as Best Forensic Accounting & Litigation Valuation Provider

GlassRatner is honored to have been recognized by The National Law Journal in the following categories: Forensic Accounting Provider (1st), Litigation Valuation Provider (1st), End to End Litigation Consulting (2nd), Expert Witness Provider (2nd), and Litigation Dispute Advisory Services Consultant (2nd). Click Here for the Full List

May 3, 2018

Corporate Counsel named GlassRatner to the top of five different categories in their Best of 2018 issue. We were ranked first as Forensic Accounting Provider, Litigation Valuation Provider, End to End Litigation Consulting Firm, and Expert Witness Provider. GlassRatner was also ranked second as Litigation Dispute Advisory Services Consultants. Click Here for the Full List

May 15, 2018

GlassRatner Ranked for 2nd Year in a Row by the Daily Report

The Daily Report, a Georgia-based publication, recognized GlassRatner in seven distinct categories in their "Best of 2018" issue. GlassRatner was ranked first as Corporate Investigations Provider, End to End Litigation Consulting Firm, Expert Witness - Economic, and Litigation Valuation services. In addition, GlassRatner was placed in the Top 3 for Best Forensic Accounting Firm, Individual Expert Witness - J. Michael Issa, and best Overall Expert Witness services. Click Here for the Full List

July 19, 2018

GlassRatner Recognized as Valuation Service Provider of the Year by Turnaround Atlas Awards

GlassRatner is proud to be recognized for two Turnaround Atlas Awards. They were recently recognized as Valuation Service Provider of the Year and Refinancing Deal of the Year for their role in Arhaus Furniture.

August 1, 2018

GlassRatner Joins B. Riley Financial

GlassRatner is excited to be a part of the B. Riley Financial family. GlassRatner joins a team of professionals that provides collaborative financial services and solutions. This merger will provide our clients a one-stop platform to help any business situation at any stage during the business life cycle. Click here to read the press release

October 1, 2018

GlassRatner Expands Services - Real Estate Appraisal

GlassRatner is excited to announce the expansion of their new service offering in Real Estate Appraisals. Our team is well equipped to handle any real estate valuation and corporate valuation/allocation.

April 3, 2019

GlassRatner Strengthens Healthcare Practice

GlassRatner is delighted to announce the additions of Melissa Scott, Jeannie O'Donnell, and Mardelle Klaus to the team. They bring a wealth of experience in the healthcare industry and will be responsible for expanding the firm's core service offerings, Bankruptcy & Restructuring and Forensic Accounting & Litigation Support, in healthcare related transactions. Click here to read the full press release

May 8, 2019

GlassRatner was voted #1 in four categories in the Daily Report’s “Best of 2019” rankings, including #1 Overall Expert Witness; #1 in
Forensic Accounting; #1 in Litigation Valuation; and #1 Individual Expert Witness (Economic) in recognition of Ian Ratner and his
contributions to the industry. The firm was also recognized at the 11th Annual Turnaround Atlas Award for Cross Border Special Situation M&A Deal of the Year (SmallMid Markets). The winning transaction involved the Chapter 11 reorganization of Premier Exhibitions. Click here to read the full press release.

Meet the GlassRatner Team

The Team is the Brand at GlassRatner. Our firm is built around a team of professionals who have been in the trenches, are hands on and absolutely focused on project execution. As part of B. Riley Financial, GlassRatner offers additional resources ready to get involved with any business situation. Our team members hold various professional designations including CPA, ABV, CIRA, CFE, CVA, MAI, CCIM and ASA.

Discover Our Industries

GlassRatner has been involved in matters spanning every type of business and industry from telecommunication receivables, to the disposal of contaminated land, to offshore insurance companies. In each of the industries below, GlassRatner is considered to be industry experts in addition to being financial experts. Please contact us to get a specific list of industry expertise/case examples.